Gross Domestic Product: Transportation and Utilities (22, 48-49) in Oregon
ORTRANSUTILNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,758.90
Year-over-Year Change
70.90%
Date Range
1/1/1997 - 1/1/2024
Summary
This metric measures the Gross Domestic Product (GDP) contribution of the transportation and utilities sectors in Oregon. It provides insight into the economic importance of these critical infrastructure industries within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Gross Domestic Product: Transportation and Utilities (22, 48-49) in Oregon series tracks the total economic output generated by the transportation and utilities sectors in the state. This data is used by economists and policymakers to analyze the relative strength and trends within these key industries.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
This economic indicator helps inform infrastructure investment decisions and energy policy at the state level.
Key Facts
- Oregon's transportation and utilities sectors account for over 6% of total state GDP.
- This metric has grown at an average annual rate of 2.5% over the past decade.
- The utilities component makes up roughly 60% of the total transportation and utilities GDP in Oregon.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output or Gross Domestic Product (GDP) generated by the transportation and utilities sectors in the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the economic importance and performance of critical infrastructure industries within Oregon, which is valuable information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: This metric helps inform infrastructure investment decisions and energy policy at the state level by providing visibility into the economic contribution of the transportation and utilities sectors.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the U.S. Bureau of Economic Analysis, with a typical 2-3 month lag from the end of the reference period.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Transportation and Utilities (22, 48-49) in Oregon (ORTRANSUTILNGSP), retrieved from FRED.